Still, taken as a piece, I think for those with eyes to see, the Annual Report and the latest Investor Presentation paint a clear enough picture of value far in excess of our current gobsmacking level around 8c:
https://www.mmel.com.au/site/PDF/70a1a5a1-0e09-49c5-9371-94b6900e5e2c/AnnualReporttoshareholders
https://www.mmel.com.au/site/PDF/0d4e39d4-3f8b-4476-b525-383d984509ab/InvestorPresentation
Obviously the value proposition not stated explicitly enough for some.
But in my view, only a matter of time with this one.
And once things start rolling, it'll snowball. Wait til the market cap requires the Index-linked funds to step up. Then we'll see days when the share price increases by 8c/share and more.
It'll happen.
Meanwhile, just be astonished folks are so readily persuaded to part with their MGU so cheaply.
And rejoice, as buyers.
